Peloton Interactive (PTON) PT Lowered to $8 at BMO Capital

Peloton Interactive (PTON) PT Lowered to $9 at Roth/MKM, 'Another Messy Quarter; NT Demand Outlook Remains Unclear'

Roth/MKM analyst George Kelly lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $11.00) while maintaining a Buy rating.

The analyst comments "PTON's 4Q23 report showed continued consumer demand challenges and one-time issues that negatively impacted revenue growth and... More

BofA Securities Downgrades Peloton Interactive (PTON) to Neutral 'on limited visibility on growth initiatives'

(Updated - August 24, 2023 5:28 AM EDT)

BofA Securities analyst Justin Post downgraded Peloton Interactive (NASDAQ: PTON) from Buy to Neutral with a price target of $6.50 (from $13.00).

The analyst comments "DG to Neutral on limited visibility on growth initiatives While... More

Peloton Interactive (PTON) PT Lowered to $9 at Barclays

Barclays analyst Mario Lu lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $17.00) while maintaining a Overweight rating.

The analyst commented, "Despite a large pullback in PTON shares today, FCF and Connected Fitness gross margin excluding one-time charges... More

Needham & Company Downgrades Peloton Interactive (PTON) to Hold

(Updated - August 23, 2023 4:34 PM EDT)

Needham & Company analyst Bernie McTernan downgraded Peloton Interactive (NASDAQ: PTON) from Buy to Hold.

The analyst comments "We are downgrading PTON to Hold from Buy after FY4Q results driving us to cut our... More

Stock market today: Dow ends higher as tech regains momentum; Nvidia eyed

Investing.com -- The Dow closed higher Wednesday, driven by tech as optimism builds ahead of Nvidias quarterly results due later today.

The Dow Jones Industrial Average climbed 0.5%, 184 points, Nasdaq rose 1.6%, and the S&P 500 rose 1%.

Tech rallies as focus shifts to Nvidia

Big tech stocks rallied just ahead of Nvidias quarterly results that are expected to hold sway on sentiment in the broader sector.

NVIDIA Corporation (NASDAQ: NVDA), which was up more than 2% adding to gains of 220% this... More

Peloton Interactive (PTON) PT Lowered to $7.50 at CFRA

CFRA analyst Kenneth Leon lowered the price target on Peloton Interactive (NASDAQ: PTON) to $7.50 (from $9.00) while maintaining a Hold rating following earnings.

The analyst commented, "PTON's turnaround to grow subscriber revenue stalled in Q4 FY23 (Jun.), while product sales declined significantly. We... More

Peloton Interactive (PTON) PT Lowered to $9 at Roth/MKM

Roth/MKM analyst George Kelly lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $11.00) while maintaining a Buy rating.... More

Peloton slumps after first-quarter forecasts miss estimates

Investing.com -- Peloton Interactive (NASDAQ: PTON) shares cratered in premarket trading on Wednesday after the exercise equipment group delivered smaller-than-expected first-quarter revenue forecasts and issued a cash flow warning.

The New York-based maker of connected bikes was boosted by a spike in demand from... More

Foot Locker, Tesla, Peloton fall premarket; Kohl's, Urban Outfitters rise

Investing.com -- U.S. futures traded higher Wednesday, as investors digested more corporate earnings, particularly from the retail sector, ahead of the release of numbers from chip designer Nvidia (NASDAQ: NVDA).

Here are some of the biggest premarket U.S. stock movers today:

Kohls (NYSE: KSS) stock rose 3.5% after the department store operator beat quarterly profit estimates, as leaner inventories, lower costs, and fewer discounts helped to counter a broader retail... More

Peloton's return to positive cash flow hit by bike recall, shares slide

(Reuters) -Peloton Interactive said it expects to burn cash in the next two quarters due to costs related to bike recall and other expenses, delaying return to a positive cash flow and sending its shares to a record low.

It also posted results on Wednesday that failed to lift the gloom around the company, which has been struggling with waning demand for its fitness equipment as consumers return to gyms and... More

Peloton (PTON) Misses Q4 EPS by 28c, Q1 Guidance Misses

Peloton (NASDAQ: PTON) reported Q4 EPS of ($0.68), $0.28 worse than the analyst estimate of ($0.40). Revenue for the quarter came in at $642.1 million versus the consensus estimate of $641.01 million.

GUIDANCE:

Peloton sees Q1 2024 revenue of $580-600 million, versus the consensus of $647.8... More

Peloton (PTON) Guides Q2 Revenue of $580M-$600M vs $648M Guidance

Peloton (PTON) Guides Q2 Revenue of $580M-$600M vs $648M Guidance